DCG's Foundry Digital buying Compute North facilities amid possible Genesis bankruptcy
DCG's Foundry Digital is buying two cryptocurrency mining facilities and other assets from Compute North. It has an option to acquire a third facility that is under development. DCG’s Foundry Digital is buying two cryptocurrency mining facilities.
The deal comes as reports swirl that DCG’s Genesis, whose Global Capital suspended redemptions and new loan originations last week in the wake of FTX's collapse, may be filing for bankruptcy. The New York Times reported that it had hired investment bank Moelis & Company to explore options. Compute North has sold off a number of other assets, including two mining facilities valued at $5 million.
Source
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